For Sale
$2,615,000

Contact Information

RV Park/Campground Details

Price:
$2,615,000

Purchase Method:
Cash, New Loan

Cap Rate:
7.7%

Property ID:
1039360

Posted on Mar 7, 2019

Property Description

Sommerville Almond Tree RV park is a well located RV Park adjacent to the highly travelled interstate 5 highway, east of the City of Coalinga, in Fresno County. The property is an 82 space RV park plus 2 tent sites occupying a parcel of 5.13 acres. Two of the RV sites are occupied with a Triplex unit, for 6 units total. The RV Park has an all age designation. The RV park is “Your Friendly I-5 Oasis” serving both overnight stays and longer extended stays (weekly and monthly). The park is well kept and maintained, clean and safe. The park is noticeably quiet and with very pleasant surroundings. The RV park was constructed in two phases, 1983 and 1990. There is new on site management staff put in place July of 2017. This experienced team has made marked improvement to quality and profitability of the RV park.
The RV Park is well amenitized including 2 pools, 2 laundry rooms and 2 restroom & shower service locations in the park. The pools are open May 1st through October 1st. All sites are pull through on gravel pads with full hook ups and 30/50 amp electrical service. Each space is 10 ft wide with an additional 10 ft wide grassy area with picnic table. The internal roads are paved.
Utility service to the property is electricity provided by PG&E, Ferrell Gas for propane, dumpster trash service (2 locations in park) and private water/sewer system owned and maintained by Sommerville’s Almond Tree Owners Association, a California Non-Profit Corporation.
There is WiFi service in the park (3 points of service located in the park). The WiFi is in the process of being upgraded to meet the bandwidth needs of the tenants. The open park location in the Central Valley of California allows for very clear antennae television and satellite friendly spaces. There is a dog walk area on the east side of the property. There is a BBQ and picnic area, which also allows for campsites near the entrance to the park.
The onsite management includes a family management team working and maintaining the property and office duties. There is also a general office manager handling bookkeeping and reservations. The two office personnel insure that the office is staffed at all open hours (Winter 9am-5pm; Summer 9am-6pm), 7 days a week. The RV Park is offers online reservations and accepts MC/VISA/Discover. The office now sells RV operation items along with snacks.
Sommerville Almond Tree RV Park is well located for travelers looking to explore California. The Central Coast, Sequoia, Kings Can-yon, Yosemite and Pinnacle Point National parks are all located within 100 miles of the park. Similarly, the park sits almost in the middle between San Francisco and Los Angeles, with both cities being approximately 190 miles away.
In terms of advertising, the RV park has signage on a tall tower sign visible from I-5 which also advertises the two gas stations (Shell and Valero) and the food service adjacent to the RV park. The City of Coalinga is located approximately 11 miles west on W. Jayne Ave, Jayne Ave becomes highway 33 prior to entering the Coalinga. The significant economic drivers for the area, the State Hospi-tal and Pleasant Valley Prison, are located 4 miles west on Jayne Ave between the City and Sommerville Almond Tree RV Park.
2018 improvements to the RV park include adding a second triplex (2 total, 6 units), upgrades to the overnight RV sites, office re-model, RV specific items retail store, painting of most of the property buildings and removal of several trees and stumps. 2019 will see continued upgrades to increase the RV Park Good Sam rating.